Container Freight Warehouses in Kuwait-Ken Research

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Kuwait Warehousing Market is Expected to reach
USD 373.8 million by 2022 Ken Research
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Kuwait Logistics and Warehousing Market by
Business Model (Industrial Freight/Retail,
Container Freight, Cold storage, Agriculture and
others) by End User (Food and Beverage,
Chemicals, Electronics, Pharmaceutical,
E-Commerce, Consumer Durables and Others).
Company Profiles of major players in Kuwait
Warehousing market including Agility Kuwait, KGL
Logistics, Dolphin Logistics and DHL
Kuwait. Analysts at Ken Research in their latest
publication Kuwait Warehousing Market by
Business Model (Industrial Freight/ Retail,
Container Freight, Cold Storage, Agricultural
Warehousing) by End Users (Food and Beverages,
Chemicals, Electronics, Pharmaceuticals,
E-Commerce, Consumer Durables and Others)-Outlook
to 2022 believe that capacity expansion, tie ups
with e-commerce players and using innovative
technologies in the industry will aid Kuwait
warehousing market. Kuwait warehousing industry
is set to soar due to growing e-commerce market
with the rise in demand of online shopping and
imported electronic goods in the
country. Government investment in logistics
sector in Kuwait will positively influence the
market in a positive manner in the forecast
period.
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Rising Demand of fresh fruits and vegetables in
near future will boost up the demand for
warehousing services in Kuwait. The e-commerce
market in Kuwait is expected to reach USD 1.1
billion in 2020 owing to the rise in online
shopping. The consumers are shopping online for
various products such as electronics, Fashion,
apparels, accessories and others. The country is
also experiencing rise in the m-commerce sales
due to high smart phone penetration rate in the
country and the ease of purchase through the
mobile applications. Souq.com is a leader in
innovative marketing. The government approved USD
104.0 billion for the National Development Plan.
Government in Kuwait has plans to in the
logistics sector in coming years such as new
airport, a mega port for Bubiyan Island and rail
and bridges for improvement of the logistics
sector. The domestic production capacity of the
country is not enough to cater for growing demand
for fruits and vegetables in the country as the
country has a total arable land of 10,600 hectare
which is 0.6 of the total area. The soil in
Kuwait is low in nutrient and organic content and
has poor moisture retaining capabilities. Hence,
the production is low. The rising demand for
fresh fruits and vegetables in the country has
led to high requirement of warehousing market.
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Kuwait is improving electronics customs systems
and processes which will further make it easier
to do business in the country. Kuwait
Warehousing market is expected to register
positive CAGR of around 10.1 during the period
2017-2022. Rising e-commerce and use of updated
technology in warehousing services will further
drive the demand for industrial and cold storage
warehouses in Kuwait. To know more, click on the
link below https//www.kenresearch.com/automotive
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